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The founders of Fever-Tree are toasting a £103.5m payday, after confirming the sell-off of another tranche of shares in the mixer maker.

Charles Rolls, non-executive deputy chairman, sold two million shares, while Tim Warrillow, chief executive, sold one million shares, leaving them with stakes of 7.1pc and 4.7pc respectively.

The shares were sold at a price of £34.50, landing Mr Rolls £69m and Mr Warrillow £34.5m.

The two men decided to exercise options over 275,820 shares each at a price of 134p per share, in order to source some of the shares being sold in the placing, meaning they will pay out around £370,000 each.

Mr Rolls and Mr Warrillow remain the fourth and eighth largest shareholders...